Common use of Post-Dedication Improvements Clause in Contracts

Post-Dedication Improvements. TSVI may elect to dedicate certain Eligible Infrastructure components which TSVI will identify as being subject to construction of Post-Dedication Improvements. The Village hereby grants a right of entry to TSVI and its agents to construct Post-Dedication Improvements which are identified in writing to the Village at the time that the corresponding Eligible Infrastructure components are initially dedicated; provided, that TSVI shall obtain prior written authorization to proceed with construction of Post- Dedication Improvements prior to commencement of construction. TSVI shall be eligible for reimbursement of the costs associated with constructing (i) the Eligible Infrastructure components at the time of acceptance by the Village, and (ii) Post-Dedication Improvements at the time of acceptance thereof by the Village. The Parties hereby agree that title to Post- Dedication Improvements shall vest with the Village upon, and not earlier than, acceptance thereof, and that the Village’s ownership of the dedicated infrastructure to be further improved with Post-Dedication Improvements shall not have the effect of vesting the title to the Post- Dedication improvements prior to the Village’s acceptance of the same.

Appears in 2 contracts

Samples: Master Development Agreement, Master Development Agreement

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Post-Dedication Improvements. TSVI may elect to dedicate certain Eligible Infrastructure components which TSVI XXXX will identify as being subject to construction of Post-Dedication Improvements. The Village hereby grants a right of entry to TSVI and its agents to construct Post-Dedication Improvements which are identified in writing to the Village at the time that the corresponding Eligible Infrastructure components are initially dedicated; provided, that TSVI XXXX shall obtain prior written authorization to proceed with construction of Post- Dedication Improvements prior to commencement of construction. TSVI shall be eligible for reimbursement of the costs associated with constructing (i) the Eligible Infrastructure components at the time of acceptance by the Village, and (ii) Post-Dedication Improvements at the time of acceptance thereof by the Village. The Parties hereby agree that title to Post- Dedication Improvements shall vest with the Village upon, and not earlier than, acceptance thereof, and that the Village’s ownership of the dedicated infrastructure to be further improved with Post-Dedication Improvements shall not have the effect of vesting the title to the Post- Dedication improvements prior to the Village’s acceptance of the same.

Appears in 1 contract

Samples: Master Development Agreement

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Post-Dedication Improvements. TSVI may elect to dedicate certain Eligible Infrastructure components which TSVI will identify as being subject to construction of Post-Dedication Improvements. The Village hereby grants a right of entry to TSVI and its agents to construct Post-Dedication Improvements which are identified in writing to the Village at the time that the corresponding Eligible Infrastructure components are initially dedicated; provided, that TSVI XXXX shall obtain prior written authorization to proceed with construction of Post- Dedication Improvements prior to commencement of construction. TSVI shall be eligible for reimbursement of the costs associated with constructing (i) the Eligible Infrastructure components at the time of acceptance by the Village, and (ii) Post-Dedication Improvements at the time of acceptance thereof by the Village. The Parties hereby agree that title to Post- Dedication Improvements shall vest with the Village upon, and not earlier than, acceptance thereof, and that the Village’s ownership of the dedicated infrastructure to be further improved with Post-Dedication Improvements shall not have the effect of vesting the title to the Post- Dedication improvements prior to the Village’s acceptance of the same.

Appears in 1 contract

Samples: Master Development Agreement

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